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Real Estate News Releases
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(CHARTPOPPERS.COM, December 17, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company Best Buy Co. (NYSE:BBY)
The Consolidated Investment Analysis on Best Buy Co. (NYSE:BBY) will be in particular interest to other competing companys within in its sector, such as Circuit City Stores (OTC: CCTYQ), RadioShack Corp (NYSE: RSH) and GameStop Corp. (NYSE: GME)
Best Buy Co., Inc. (Best Buy) is a specialty retailer of consumer electronics, home office products, entertainment software, appliances and related services. The Company operates retail stores and Web sites under the brand names Best Buy (BestBuy.com, BestBuy.ca, BestBuy.com.cn, espanol.BestBuy.com and BestBuyMobile.com), The Carphone Warehouse (Carphone Warehouse.com), Five Star (Five-Star.cn), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com and GeekSquad.ca), Magnolia Audio Video (MagnoliaAV.com).
Recent News on Best Buy Co. (NYSE:BBY)
Best Buy let out a hearty "ho ho ho" as the start of the holiday shopping season yielded positive results for the retailer. But investors looking at the company's profit outlook bellowed "sell sell sell."
Even though the nation's top consumer electronics retailer beat Wall Street's third-quarter forecast and raised guidance for the current quarter, shares fell more than 8% Tuesday as investors worried about profit margins and competition from mass merchants.
The stock closed at 41.53 in heavy volume.
"We're starting to see some pressure from the mass channel -- the Wal-Marts (NYSE:WMT - News) and Targets (NYSE:TGT - News) of the world, which have been pretty aggressive on pricing this holiday season," said R.J. Hottovy, an analyst with Morningstar. Hottovy rates the stock as fairly valued or neutral.
For the quarter that ended Nov. 28, Best Buy (NYSE:BBY - News) earned 53 cents a share, up 51% from a year ago and well above the 43 cents analysts polled by Thomson Reuters were expecting. Best Buy's results included a tax benefit that boosted its earnings per share by 5 cents.
Sales rose 5% to $12.02 billion, ahead of the $11.98 billion analysts had predicted.
The Richfield, Minn.-based retailer also raised its earnings and revenue guidance for the year.
It now expects annual revenue of $49 billion to $49.5 billion, up from prior guidance of $48 billion to $49 billion
To view the Consolidated Investment Analysis on Best Buy Co. (NYSE:BBY) Please visit the stock pulse page at www.chartpoppers.com/stock%20pulse/
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. Our diligent effort is to help investors find profitable penny picks, at whatever stage in their careers, and get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas and penny picks to a in depth coverage of whatÂ’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com/about/
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CHARTPOPPERS.COM
Paul Marek
6047245332
info@chartpoppers.com
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